Owens & Minor, Inc. (NYSE:OMI) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET

Company Participants

Jacqueline Marcus - Investor Relations, Alpha IR Group
Edward Pesicka - President and Chief Executive Officer
Alexander Bruni - Executive Vice President and Chief Financial Officer

Conference Call Participants

Michael Cherny - Leerink Partners
Kevin Caliendo - UBS
Daniel Grosslight - Citi Research
Eric Coldwell - Robert W. Baird
Stephanie Davis - Barclays Capital
Allen Lutz - Bank of America

Operator

Good day, and thank you for standing by. Welcome to the Owens & Minor First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker for today, Jackie Marcus, Investor Relations. Please go ahead.

Jacqueline Marcus

Thank you, operator. Hello, everyone, and welcome to the Owens & Minor First Quarter 2024 Earnings Call.

Our comments on the call will be focused on the financial results for the first quarter of 2024 as well as our outlook for 2024, both of which are included in today's press release. The press release along with the supplemental slides are posted on the Investor Relations section of our website.

Please note that during this call, we will make forward-looking statements. The matters addressed in these statements are subject to risks and uncertainties, which could cause actual results to differ materially from those projected or implied here today. Please refer to our SEC filings for a full description of these risks and uncertainties, including the Risk Factors section of our annual report on Form 10-K and quarterly reports on Form 10-Q.

In our discussion today, we will reference certain non-GAAP financial measures, and information about these measures and reconciliations to the most comparable GAAP financial measures are included in our press release. Today, I'm joined by Ed Pesicka, President and Chief Executive Officer; and Alex Bruni, Executive Vice President and Chief Financial Officer.

I will now turn the call over to Ed.

Edward Pesicka

Thank you, Jackie. Good morning, everyone, and thank you for joining us on the call today. As I reflect on Q1, I am both pleased with our financial performance and encouraged by the continued progress we've made with our evolving operating model for the first 12 weeks of 2024.

In addition, we were able to make investments related to our long-term strategic plan we introduced in December of 2023, and these investments are ahead of schedule. We are also making operational investments to bring higher levels of service to our customers and ultimately, the patients serve.